Cambricon(SH:688256) Jin Rong Jie·2026-02-03 06:38Group 1 - The core point of the article is that after a significant drop in stock price, Cambricon issued a statement denying rumors about its revenue guidance and reaffirming its operational stability and R&D progress [1][3][4] - On February 3, Cambricon's stock price fell over 14%, reaching a low of 1063 yuan per share, which raised concerns about competition and revenue expectations [3][4] - Following the statement, Cambricon's stock experienced a slight recovery, with the decline narrowing to within 10% [4] Group 2 - Cambricon's 2025 revenue forecast is between 6 billion to 7 billion yuan, representing a growth of 410.87% to 496.02% year-on-year, with a projected net profit of 1.85 billion to 2.15 billion yuan [6] - The company attributes its expected revenue growth to the increasing demand for computing power in the AI industry and its competitive product offerings [6] - However, Cambricon's Q4 net profit is expected to be between 245 million to 545 million yuan, which is below market expectations [6] Group 3 - The competition in the domestic AI chip market is intensifying, with major internet companies ramping up their efforts [8] - Alibaba's self-developed AI chip "Zhenwu" has been launched, achieving significant deployment and surpassing Cambricon in shipment volumes [9] - Huawei and Baidu are also advancing their AI chip technologies, with Huawei planning to release several new chips by 2028 and Baidu launching new Kunlun chips for large-scale AI tasks [12][13]